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Latest Articles in crude oil

Oil Rises To $69 As Focus Returns To Tighter Market

Brent crude was up 78 cents, or 1.1%, at $69.02 by 1014 GMT, after trading as low as $67.61. U.S. West Texas Intermediate (WTI) crude added 41 cents to $65.46.

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Oil Prices Rise On Expected Economic Recovery, Likely Drawdown In Oil Stocks

Brent crude futures for May rose by 32 cents, or 0.5%, to $68.56 a barrel by 0125 GMT, while U.S. West Texas Intermediate (WTI) crude for April rose 19 cents, or 0.3%, to $65.24.

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Oil Slips After Hitting Pandemic High Above $70 After Saudi Attack

Benchmark Brent climbed as high as $71.38 a barrel in early Asian trade, its highest since Jan. 8, 2020. By 1019 GMT, it was trading down 30 cents or 0.4% at $69.06.

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Brent Jumps Past $70 For First Time Since Pandemic Began After Saudi Facilities Attacked

Brent crude futures for May hit $71.38 a barrel in early Asian trade, the highest since Jan. 8, 2020, and were at $71.11 a barrel by 0255 GMT, up $1.75, or 2.5%.

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Oil Surges After OPEC+ Holds Cuts, Strong US Jobs Growth

Brent futures rose $2.62, or 3.9%, to settle at $69.36 a barrel. The session high for the global benchmark was its highest since January 2020.

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Oil Extends Gains On OPEC+ Supply Restraint

Investors were surprised that Saudi Arabia had decided to maintain its voluntary cut of 1 million barrels per day through April even after oil prices rallied over the past two months.

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Oil Gains As US Fuel Stocks Drop, OPEC+ Considers Deal Rollover

Brent crude rose $1.37, or 2.2%, to settle at $64.07 a barrel. U.S. West Texas Intermediate (WTI) crude rose $1.53, or 2.6%, to settle at $61.28 a barrel.

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OPEC+ Considers Oil Output Roll Over For April, Sources Say

OPEC expects global oil demand in 2021 to grow by 5.8 million bpd to about 96 million bpd. That compares with about 100 million bpd in 2019, before demand plummeted in 2020 due to the pandemic.

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Oil Falls To Two-Week Lows As OPEC+ Seen Easing Supply Curbs

Brent futures fell 99 cents, or 1.6%, to settle at $62.70 a barrel, their lowest close since Feb. 12. The global benchmark has fallen about 7% from a 13-month peak hit last week.

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Oil Extends Losses On Worry Over Possible Supply Increase From OPEC

OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to reductions agreed to under the previous OPEC+ pact, a Reuters survey found, ending a run of seven consecutive monthly increases.

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Oil Prices Climb After Progress On Huge US Stimulus Bill

Brent crude futures for May rose $1.07, or 1.7%, to $65.49 per barrel by 0042 GMT. The April contract expired on Friday.

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Oil Drops On Dollar Strength And OPEC+ Supply Expectations

Brent crude futures for April, which expired on Friday, fell 75 cents in the session, or 1.1%, to settle at $66.13 a barrel. The more actively traded May contract slipped by $1.69 to $64.42.

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Oil Prices Hit 13-Month Highs On Tighter Supplies, Fed Assurance On Low Rates

Fuel supplies in the world's largest oil consumer could also tighten as its refinery crude inputs had dropped to the lowest since September 2008.

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Oil Rises After Data Shows Slump In U.S. Output Amid Texas Freeze

Brent crude futures rose $1.67, or 2.6%, to settle at $67.04 a barrel. The global benchmark hit a session high of $67.30 a barrel, its loftiest since Jan. 8, 2020.

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Oil Prices Slip On Surprise Build In US Crude Stocks

Brent crude futures slipped by 6 cents, or 0.1%, to $65.31 a barrel at 0748 GMT, but narrowed losses earlier in the session that sent it to as low as $64.80.

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